Over one million now dependent on State income support

Over one million people are now either fully or partially dependent on the State for income support, according to the latest figures from the Department of Employment Affairs and Social Protection.  584,000 people are now receiving the Covid-19 Pandemic Unemployment Payment introduced just over a month ago.  The latest figures indicate that 50,000 of those…

Construction resumes on social housing projects

Construction is resuming on 35 social housing projects to ensure local authorities can deliver accommodation for people currently in emergency accommodation or at risk of homelessness during the current pandemic, the Department of Housing, Planning and Local Government confirmed. However, the Construction Industry Federation has warned members that if they do not comply rigorously with…

Over 45,100 employers registered for wage subsidy scheme

There are over 45,100 employers registered with Revenue for the Covid-19 Temporary Wage Subsidy Scheme, according to the latest figures from Revenue. Over 30,800 employers have already received subsidy payments under the scheme, and over 281,200 employees have already received at least one payment. Today, Revenue has generated further subsidy payments under the scheme worth…

Former IMF boss predicts quick economic rebound once Covid-19 crisis is over

Former IMF deputy director general Donal Donovan said he believes it is possible for a “fairly quick rebound” once the coronavirus crisis passes and confidence returns to the Irish economy.  Mr Donavan said that this crisis is quite unlike the situation in 2008/2009, when banks went bust, the construction industry collapsed and there was huge…